Contact Information: Investor Relations Contact: Hawk Associates, Inc. Frank N. Hawkins, Jr. or Julie Marshall Phone: (305) 451-1888 Email: Email Contact
Providential Holdings Expects to File Annual Operating Results Next Week
| Source: Providential Holdings, Inc.
LOS ANGELES, CA -- (MARKET WIRE) -- October 18, 2006 -- Providential Holdings, Inc. (OTCBB : PRVHE )
(German Stock Exchanges: PR7, WKN 935160), a provider of international
advisory services specializing in mergers and acquisitions, announced today
that the company's stock ticker has been appended with the E designation
indicating late filing status due to unexpected delay in the audit of its
financial statements for the year ended June 30, 2006.
Chairman and CEO, Henry Fahman, said, "No material issues are involved in
this delay. Unfortunately the auditing process has taken more time than
anticipated. However, we are working diligently to complete the audit and
we expect to file our annual results next week, thereby removing the E
designation on our stock symbol."
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse
business activities, the most important of which are M&A advisory services
and independent energy. The company acquires and consolidates special
opportunities in selective high-growth industries to create additional
value, acts as an incubator for emerging companies and technologies, and
provides financial consultancy and M&A advisory services to U.S. and
foreign companies. For more information on Providential Holdings and its
subsidiaries, visit http://www.phiglobal.com. As part of its activities in
Vietnam, Providential has been hosting seminars in conjunction with the
Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a
leading U.S. investment banking firm to help Vietnamese companies go public
and raise capital through the U.S. financial markets.
A profile for investors can be accessed at
http://www.hawkassociates.com/prvhprofile.aspx.
For investor relations questions regarding Providential, contact Frank
Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail:
info@hawkassociates.com, or visit http://www.americanmicrocaps.com or
http://www.hawkassociates.com
Safe Harbor: This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual results to
differ materially from those projected on the basis of such forward-looking
statements. Such forward-looking statements are made based upon
management's beliefs, as well as assumptions made by, and information
currently available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.